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Monday, 20 February 2017

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position - Bloomberg

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position - Bloomberg:

"Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman recruited for a top finance-industry position in recent days as the country undertakes unprecedented social and economic change. Nashar’s appointment is effective Feb. 19, according to a statement to the stock exchange on Sunday. She replaces Sajjad Razvi who resigned for personal reasons. On Thursday, NCB Capital Co. CEO Sarah Al Suhaimi was named the first woman to chair Saudi Arabia’s stock exchange, the region’s largest. The appointments are significant for a country where the female unemployment rate is more than 34 percent and women aren’t allowed to drive. They also need a guardian’s consent to travel outside the country or marry. Change is starting to happen with the number of working women jumping 50 percent between 2010 and 2015, and more Saudi women entering male-dominated fields such as banking and engineering."



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